After the bearish breakout seen on the Thursday session, the USD/CHF is poised to return to the previously established value area .9850. Thursday's move was in part due to the shrinking SNB Foreign Currencies report. Trade is likely to stabilize for Friday's session.
Entry: Buy from .9792
Stop Loss: Sell .9749
Profit Target: .9841
This trade is good until market close on Friday, June 8.
Entry: Buy from .9792
Stop Loss: Sell .9749
Profit Target: .9841
This trade is good until market close on Friday, June 8.
